The Board approved the following terms of the Rights Issue:
a. Rights Issue Price: Rs. 16 (Rupees Sixteen) per fully paid equity share [including a premium of Rs. 6 (Rupees Six) per fully paid equity share over face value of Rs. 10 (Rupees Ten) per share]; and
b. Rights entitlement ratio: 1 (One) equity share for every 4 (Four) shares held by eligible shareholders as on record date.